for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Inflation has escalated families’ grocery bills, rents and utility costs, among other expenses, inflicting hardships on many households and deepening gloom about the economy despite strong job growth and low unemployment. Yet the signs that inflation might have peaked — or will soon — could bolster Democrats’ prospects in the midterm elections and may already have contributed to slightly higher public approval ratings for Biden. In his speeches, Biden has generally stopped referring to the impact of high prices on family budgets.
Over the past year, prices of meat, milk and fruits and vegetables have soared by double-digits. But executives at Kroger, the nation’s largest grocery chain, said that falling prices for farm commodities like wheat and corn could slow cost increases for food.Next week, most Fed watchers expect the central bank to announce a third straight three-quarter-point hike, to a range of 3% to 3.25%.
LOL LOWER GAS PRICES SE ARE LOOKING AT $4.99 OR MORE STOP PUBLISHING LIES
President Biden on July 19th, 2021 on inflation concerns: 'Our experts believe, and the data shows, that most of the price increases we've seen were expected and expected to be temporary.' It reminds me of “just two weeks to slow the spread”
Tensions escalating toward domestic conflict. Record number of food production facilities off line. Shortage of fracking sand. Dwindling oil reserves. Supply chain issues with rail strike incoming. And an untold number of Russian and Chinese assets already in the states. No bueno
Overall CPI: +9.1% since last year Gas: +59.9% Fuel Oil: +98.5% Meat, Poultry, & Fish: +10.4% Milk: +16.4% Eggs: +33.1% Coffee: +15.8% New Vehicles +11.4% Airline Fares: +34.1% Real Average Hourly Earnings: -3.6%
There is no job growth. That’s propaganda. People getting their old jobs back due to the pandemic is not job growth. This Inflation was caused by devaluing the currency by overprinting money. Bidenflation BidenRecession
They /you can't face reality. The numbers don't lie! We are in deep economic doodoo. Biden has a celebration Crazy!
WTF leader is opposite of actual article🖕
There is NO job growth. You lie.
What growth? Nobody wants to work with all the government handouts
We had 1.7% inflation when Trump was in office. Then Q13 and all the other far left radical outlets in the West lied to sway the elections Now we have inflation
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